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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2016
EARNINGS PER SHARE  
Calculation of basic and diluted EPS

 

 

Three months ended March 31,

 

 

 

2016

 

2015

 

 

 

(in millions, except per-share amounts)

 

Basic EPS calculation

 

 

 

 

 

Net loss

 

$

(50)

 

$

(100

)

Net loss allocated to participating securities

 

 

 

 

 

 

 

 

 

Net loss available to common stockholders

 

$

(50)

 

$

(100

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

385.3

 

382.1

 

 

 

 

 

 

 

Basic EPS

 

$

(0.13)

 

$

(0.26

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS calculation

 

 

 

 

 

Net loss

 

$

(50)

 

$

(100

)

Net loss allocated to participating securities

 

 

 

 

 

 

 

 

 

Net loss available to common stockholders

 

$

(50)

 

$

(100

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

385.3

 

382.1

 

Dilutive effect of potentially dilutive securities

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - diluted

 

385.3

 

382.1

 

 

 

 

 

 

 

Diluted EPS

 

$

(0.13)

 

$

(0.26

)